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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> it is time. time for the lightning round. and we'll take calls, and buy, buy, buy, sell, sell, sell. my staff will play this sound
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant,...
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well, listen, i think the housing environment is going to sit nicely next year and that's going to be terrific for bank of america and all the loans these guys are holding. but another game that we should also focus on is rimm. this is a totally back from the brink story. down at the lows at 6, trading at $13.86 today. the blackberry 10 is beta testing very well. it's a stable operating system and there are ger ya tricks out there like us that will always have a -- >> you do have an iphone next to us. >> i have the iphone as a backup but -- >> backup? >> i'm going to be on this thing as long as it works and i think it's going to. this could be a $20 stock. it's trading at tangible book and they survived it. you'll see the shorts coming out of this thing into the fir quarter next year. >> mike, it looks like you are taking a pagerobaron's? >> yeah, taking a look at western digital. i think the bear case in a lot of these storage names is pretty well understood. the desk top area is obviously extremely weak. consumer electronics don't rey lie on disc storage. they are relying on flash.
well, listen, i think the housing environment is going to sit nicely next year and that's going to be terrific for bank of america and all the loans these guys are holding. but another game that we should also focus on is rimm. this is a totally back from the brink story. down at the lows at 6, trading at $13.86 today. the blackberry 10 is beta testing very well. it's a stable operating system and there are ger ya tricks out there like us that will always have a -- >> you do have an...
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like all businesses an industry you hhve to come prodate to changing environments. how do you lure customers through the door even without their skies? >> san drashgs short term and long term. without your skis you turn to bike paths. a lot of people like to go mountain biking. you turn to hiking. take people on beautiful alpine slopes when there is not slope. you may have to reduce rates to do it. at end of the day it is about sking, ski slopes. we need snow. snow is currency for these folks. at that's what we need. long term we have to go after the carbon pollution warming planet. we have to go after power plants. we have to invest in renewable and solar and wind efficiency. sandra: i don't want to dive too much into the climate change argument, what i want is to know the solution? you have to open the doors late. there are other extracurricular activities you can do, and ride bikes. you have to change as industry whole, if this is climate change causing this you have to adapt and change for the long term. saying hey, there is a bike trial i don't know if that wil
like all businesses an industry you hhve to come prodate to changing environments. how do you lure customers through the door even without their skies? >> san drashgs short term and long term. without your skis you turn to bike paths. a lot of people like to go mountain biking. you turn to hiking. take people on beautiful alpine slopes when there is not slope. you may have to reduce rates to do it. at end of the day it is about sking, ski slopes. we need snow. snow is currency for these...
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, ethnic callie polarizing environment then good luck governing. >> if you had a nightstick in your cup ber bun. >>> coming up, santa claus takes on paul ryan next in the "sideshow." this is "hardball," the place for politics. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil. potato with bacon. we've got a lotta empty cans. [ male announcer ] hear from our chefs on facebook this friday! he's going to apply testosterone to his underarm. axiron, the only un
, ethnic callie polarizing environment then good luck governing. >> if you had a nightstick in your cup ber bun. >>> coming up, santa claus takes on paul ryan next in the "sideshow." this is "hardball," the place for politics. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they...
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the national flood insurance program is not designed to meet the needs of the urban environment. there is a fundamental unfairness that i respectfully ask congress to try to address. there forced to purchase flood insurance by their mortgage companies. the program treat garden style businesses as if they were basements. the direct uninsured costs are often passed on to the small business renters. >> the coverage is greatly limited to those with high boilers and hot water tanks. these rules do not reflect the reality of places like hoboken, new york city, and the premise is characterized as a basement that is a critical element to the vibrancy of our state. the apartment that requires you to walk down one or two steps, the business owners and residents are required to buy flood insurance and are required to play -- pay premiums, and they received virtually no coverage. many discover for the first time that their claims are denied because the flood insurance they were required the purchase does not actually insure them. what we have is not a rule that protect against moral hazards,
the national flood insurance program is not designed to meet the needs of the urban environment. there is a fundamental unfairness that i respectfully ask congress to try to address. there forced to purchase flood insurance by their mortgage companies. the program treat garden style businesses as if they were basements. the direct uninsured costs are often passed on to the small business renters. >> the coverage is greatly limited to those with high boilers and hot water tanks. these...
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. >> it was a natural response to the environment but the thing that's more nostalgic to me is the last step. because i started up the ladder and i looked down at my final footprint, and i knew i wasn't going back. i started up the ladder and i was looking for that proverbial freeze button because i wanted to keep this moment going. when i left the surface of the moon, i almost felt as if -- my arm was long enough, i could reach out and tuck it under my space suit and bring it home and say look at it. when you look at the earth hanging on the wall in a picture, the picture we took of the earth, you don't see what i saw. >> that's beautiful. >> we had to leave, it was time to leave. i asked myself what did it mean to us, to humankind this we have now left this planet and called another planet our home. not just my steps and my three days but what did it mean that we did this? what does it mean to future generations, what does it mean 50 or 100 years from now? i can only imagine people dreamed of the stars and going there some day. we did. >> hipty hoppe and over the hill. >> flat broke,
. >> it was a natural response to the environment but the thing that's more nostalgic to me is the last step. because i started up the ladder and i looked down at my final footprint, and i knew i wasn't going back. i started up the ladder and i was looking for that proverbial freeze button because i wanted to keep this moment going. when i left the surface of the moon, i almost felt as if -- my arm was long enough, i could reach out and tuck it under my space suit and bring it home and...
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i'm expecting a zero rate environment for long time. liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is exactly what we see. they punch of green at the open and we were fine until he started talking with the fact we may not get a deal, there is a big impasse. >> little at the beginning i really think what is overshadowing this is the fed is saying they will stay in the game until we have a much lower unemployment rate telling me they're expecting a recession, which we're expecting anyway if we go over the cliff.% liz: where are you putting your clients money right now? the last time you were here, you are staying away from the overseas market. do you still
i'm expecting a zero rate environment for long time. liz: what about the fiscal cliff and if it affected me go over, are you changing investments in that regard? >> no, we are not changing that as well because it is baked in for a large extent. even if it does go over, really don't think it is a big deal. liz: we love you, but why are you saying it is baked in when we were up, john boehner comes out and speaks and we fall. look at an intraday of any one of the major indices and that is...
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yield out of equity-based investments, that's a theme that continues in 2013 given the interest rate environment. it probably won't be to the same degree that we've seen over the last six to eight weeks. >> here's what scares me about the whole yield story is you have companies that have like b-minus cred wit 5.25% coupons, 5.5% coupons, that's crazy. that's absolutely nuts for companies that would normally be carrying somewhere in the 7.5% range or down that far. i think this push towards yield has trouble written all over it. >> bonds are far riskier than equities right now. >> sure. >> gentlemen, thank you all for your thoughts today. see you later. heading towards the close. 50 minutes left in the trading session and the dow down. >> ben bernanke's latest move to stimulate the economy, is it actually hurting things? steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top pic
yield out of equity-based investments, that's a theme that continues in 2013 given the interest rate environment. it probably won't be to the same degree that we've seen over the last six to eight weeks. >> here's what scares me about the whole yield story is you have companies that have like b-minus cred wit 5.25% coupons, 5.5% coupons, that's crazy. that's absolutely nuts for companies that would normally be carrying somewhere in the 7.5% range or down that far. i think this push...
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Dec 13, 2012
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it constantly monitors the environment and working with law enforcement on this. the good news is it could be a deterrent. >> this whole attack has a name called project blitzkrieg. who is behind this? >> it has the backing of russian cyber criminals and they recruited to help them. they have a lot of hackers and drawing small amounts from the bank accounts. the thinking is the smaller the footprint the harder to detect. now that it is public they disappeared from chat rooms and that could be a good sign, but you want to keep your anti-virus software up to date. even if you do get hit, your funds are not necessary low at risk. the bank is liable and you are not for this. they are aware of this. >> thank you very much. i don't know if you caught this. we did. barbara walters and chris christie. you know by now besides being a heavy weight politically, the governor casts a pretty sizable shadow. here's barbara walters engaging him in a touchy matter of his physique. >> you are a little overweight. >> more than a little. yeah. >> why? >> stay with me. we will give yo
it constantly monitors the environment and working with law enforcement on this. the good news is it could be a deterrent. >> this whole attack has a name called project blitzkrieg. who is behind this? >> it has the backing of russian cyber criminals and they recruited to help them. they have a lot of hackers and drawing small amounts from the bank accounts. the thinking is the smaller the footprint the harder to detect. now that it is public they disappeared from chat rooms and...
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why is that environment so favorable? >> okay. that is a very good point. a lot of times when you exercise, they say "no pain, no gain." this is just all pain. if you look at forward earnings. look at the way the market is trading. it is not depressed levels. we are almost at recession territory. a lot of that pessimism, a lot of that pain, is already priced in. it will not necessarily be good for the economy, but it does not necessarily mean it will be that for the markets. connell: the market has been up and down today. i am interested to hear you talk about pessimism. as we have reported a couple times today, the s&p 500 may do something it has not done in years. >> it does not sound like a lot of pessimism. compare where we were a few months ago. if you think that where we are now, we should be, probably, closer to 1505, s&p 500. back in september, it was looking like we were going to go off to 1450. putting that in that longer-term context, we should be a lot higher than where we are right now. connell: in particular, the sectors and those type of stoc
why is that environment so favorable? >> okay. that is a very good point. a lot of times when you exercise, they say "no pain, no gain." this is just all pain. if you look at forward earnings. look at the way the market is trading. it is not depressed levels. we are almost at recession territory. a lot of that pessimism, a lot of that pain, is already priced in. it will not necessarily be good for the economy, but it does not necessarily mean it will be that for the markets....
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chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is saying, recognizing there is going to be a dram mat hillsborough county job loss if we go over the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. d
chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of...
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for children who have had a reaction to certain foods or certain things in the environment such as animals, there are blood tests and skin brick tests available. a parent can talk to their pediatrician. for children who have severe allergic reactions such as trouble breathing, having an especially neff
for children who have had a reaction to certain foods or certain things in the environment such as animals, there are blood tests and skin brick tests available. a parent can talk to their pediatrician. for children who have severe allergic reactions such as trouble breathing, having an especially neff
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of industries, it could be manufacturing, it could be services, businesses are looking to be in an environment where are there are really good schools, a great workforce, reasonable cost of doing business and a very responsive government. and so that's what we offer across the board, across manufacturing services and the like. these days we spend a lot of time focused on workforce development, because we know that companies have more choices than they have ever had before. one of the most important things to look for is where can they get access to a skilled workforce. we have that in delaware, we're fortunate. one of the great benefits these days is the falling price of natural gas across the country means that businesses who previously may not have looked to do something in the united states, they're looking once again at the u.s. because the cost of doing business, thanks to energy costs, is coming down. >> governor jack markell joining us, a democrat from the state of delaware. nice to have you with us. we had a few little audio glitches while you were talking. our apologies for that. >>>
of industries, it could be manufacturing, it could be services, businesses are looking to be in an environment where are there are really good schools, a great workforce, reasonable cost of doing business and a very responsive government. and so that's what we offer across the board, across manufacturing services and the like. these days we spend a lot of time focused on workforce development, because we know that companies have more choices than they have ever had before. one of the most...
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came, john kerry went several days ahead of the president and ahead of hillary clinton and he met with environment ministers foreign ministers, gave speeches, gave talks. really did just kind of the hard slog, unglamorous work of diplomacy, trying to get something done. this is an issue that is tremendously tremendously important to him. i've talked to a lot of people who say you know, a lot of secretaries of state will pick one or two issues that they will prioritize as we saw hillary clinton do with women and girls. and everyone i've spoken to says absolutely. climate change will almost certainly be john kerry's if he's secretary of state. >> bill: this is -- it's not just john kerry but at least in the progressive community there's a lot of hope that this will be a priority for president obama. also. in this second term. so if you have kerry at state you also need obama in the white house to make this a priority. any sign of that? >> with john kerry, you really know what you're getting with climate change. he's passionately committed. >> bill: president obama hasn't shown that yet. >> not the s
came, john kerry went several days ahead of the president and ahead of hillary clinton and he met with environment ministers foreign ministers, gave speeches, gave talks. really did just kind of the hard slog, unglamorous work of diplomacy, trying to get something done. this is an issue that is tremendously tremendously important to him. i've talked to a lot of people who say you know, a lot of secretaries of state will pick one or two issues that they will prioritize as we saw hillary clinton...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name, lifelock is on guard. and with lifelock's 24/7 alerts, they contact you by text, phone or email as soon as they
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be...
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. >> it's a stuff environment right now. what do you tell them, go into a .6% cd? it's very difficult. what are you telling people to invest in right now, derek? >> i myself don't. i don't tell them what to -- i've been listening to you guys and you're the experts. >> uh-oh, then you're in trouble. >> yeah. and everybody watches you guys and everybody speculates and is guessing. it's a different thing. prudent, wise management is the sound way to go. >> but, derek, i would think the hardest part would be watching the prudent guy who thinks, i'm going to save my money, i'm not going to buy 20 cares and then and that, but then their teammate res. everybody else is doing it. isn't that so much the part of what's going on here, sort of the culture of it? >> there is a culture of it. and that's vary difficult thing to watch out for. it's very difficult for a player to control when they're young and they see the older guys doing foolish things. and then you can start a trend, keep the dressing room down. it's a different thing, no matter what you do or how you talk to th
. >> it's a stuff environment right now. what do you tell them, go into a .6% cd? it's very difficult. what are you telling people to invest in right now, derek? >> i myself don't. i don't tell them what to -- i've been listening to you guys and you're the experts. >> uh-oh, then you're in trouble. >> yeah. and everybody watches you guys and everybody speculates and is guessing. it's a different thing. prudent, wise management is the sound way to go. >> but, derek,...
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they wanted the environment to be able to get the people they wanted. those were the issues that mattered. if you look at the date tax i'm not persuaded--i'm persuaded contrary to what the right to work advocates say that it does not increase jobs. >> what they do is increase wages which increases demand and the purchasing power of people who are purchasing products that they will manufacture. it is a backward strategy and a race to the bottom. if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number
they wanted the environment to be able to get the people they wanted. those were the issues that mattered. if you look at the date tax i'm not persuaded--i'm persuaded contrary to what the right to work advocates say that it does not increase jobs. >> what they do is increase wages which increases demand and the purchasing power of people who are purchasing products that they will manufacture. it is a backward strategy and a race to the bottom. if we want to compete with china by lower...
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this was built in a growth environment, but the company needs to adjust the structure to the crisis in europe. europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes that the share price of danone has a significant growth potential, something like 60% over the next two years. which is much higher than the current share price where at 51 euros this morning. danone is trying to save 200 million euros. that's the only number we really know for sure at the moment and that's the main response to the pressure from its shareholders. over to you. >> thanks very much. staying with france for just a second, the finance minister is commenting about the agreement that the euro group reached on the banking up. it's integrity is good for the agreement and as we focus on g
this was built in a growth environment, but the company needs to adjust the structure to the crisis in europe. europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes...
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to take down the democratic infrastructure in this country by basically manipulating the political environment in america. they don't give a damn about workers. they want union dues to go away so the infrastructure just dries up. if labor is taken way from the democrats, barack obama might not be in the white house. you can just ask karl rove. >> they lost 612,000 union members in 2010 alone. now think about it. every one of the 612,000 people had union dues going into the political coffers of their union to spend on politics. so yeah, you keep having couple 100,000 people each year, if a half million people leave the labor movement every year, and pretty soon you start having a crimp in the political budgets of these unions, it has a direct effect on the presidential. >> let's crimp the political budgets throughout, and the way we can do that is pass a right-to-work law that will tell union members that they real hi don't have to pay dues. that way they're not going to pay them, and that way it's going to reduce their resources even more. it's going to shake the foundations of the democrats e
to take down the democratic infrastructure in this country by basically manipulating the political environment in america. they don't give a damn about workers. they want union dues to go away so the infrastructure just dries up. if labor is taken way from the democrats, barack obama might not be in the white house. you can just ask karl rove. >> they lost 612,000 union members in 2010 alone. now think about it. every one of the 612,000 people had union dues going into the political...
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on a number of issues arranging from the environment, education, stem cell research, title 10 funding and women's health, gun control and transportation infrastructure, i have never been afraid to break from my party and do what i believe is best for my constituents and my district. this is why i have been ranked and considered as one of the most independent and most bipartisan members of this body. mr. speaker, as an eagle scout, my scout masters taught me to respect and love the outdoors, which is why i especially want to highlight our work to protect lake michigan. beginning with the first bill i introduced in the house, the great lakes water protection act, along with my good friends, i'm proud of our efforts to keep lake michigan clean. this legislation would prohibit waste water pollution from running into the great lakes, but our work to protect the 10th district's most cherished natural resource did not stop there. we focused on in supporting great lakes initiative through authoring and supporting funding amendments and advocating its importance, all to make sure this importan
on a number of issues arranging from the environment, education, stem cell research, title 10 funding and women's health, gun control and transportation infrastructure, i have never been afraid to break from my party and do what i believe is best for my constituents and my district. this is why i have been ranked and considered as one of the most independent and most bipartisan members of this body. mr. speaker, as an eagle scout, my scout masters taught me to respect and love the outdoors,...
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there were, you know, pro-choice people, social justice people, faith community, environment lists there telling the legislature that right to work is bad for michigan, will hurt our families and hurt our state. >> now, joy, the fight ahead, because i wanted to establish there was incidents, but it was mostly peaceful. and the fight ahead must be peaceful. michigan's gop and the union challenges recalls ballot initiatives. where does the fight ahead lead? >> i think that the unions are obviously squaring for a fight. just real quickly, rev, it is ironic to me that fox news, which is a network that claim that had the tea party was mischaracterized because people showed racist signs that were actually there is trying to refrain this entire fight to fit their old narrative of unions being political thugs. i think what unions are going to have to do now is use the infrastructure that they built for the 2012 election. and, more effectively, deploy that infrastructure in a midterm. that's been one of the failings, really, of democrats, typically. but really with the labor movemeunion movement,
there were, you know, pro-choice people, social justice people, faith community, environment lists there telling the legislature that right to work is bad for michigan, will hurt our families and hurt our state. >> now, joy, the fight ahead, because i wanted to establish there was incidents, but it was mostly peaceful. and the fight ahead must be peaceful. michigan's gop and the union challenges recalls ballot initiatives. where does the fight ahead lead? >> i think that the unions...
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>> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different. and i think the key thing here to the point about slow walking the caucus, it also goes to the idea that to the victor goes though spoils. it is only at the end of the day going to show him and the republicans to be weaker and to have less leverage which giving obama more leverage on two things to your question. one is the debt ceiling extension issue which is the point that the president has made. he's not going to allow the republicans to hold this economy hostage. and another round of debt ceiling negotiations. i think he has to hold firm on that. the other thing i think the president has to hold firm on is getting stimulus in this plan. to jared's point, republicans have been making all the arguments if you cut too much you're going to hurt the economy. that's what the democrats said
>> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different. and i think the key thing here to the point about slow walking the caucus, it also goes to the idea that to the victor goes though spoils. it is only at the end of the day going to show him...
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. cisco. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. it's lots of things....
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the mood is changing and i think the new members who are coming in are -- were elected in a different environment with a different mandate, if you can call it a mandate. they were elected to get something done. >> stephanie: yep. >> the 84 or 85 or 86 who are leaving, good riddance! >> stephanie: nicely said, sir. all right, representative john yarmuth, thank you sir. >> i love him. [ applause ] >> stephanie: looky here, an unsolicited testimonial. dave in new hampshire is on to my scam. dear ms. miller, i stumbled on to your program six or seven years ago. it is crystal clear that something afoot. i don't mean your hammertoe. we record your tv show on current to watch after work. oh, thank you. you can watch it because it repeats right after so it is on -- what is it, 9:00 to noon eastern and noon to 3:00 again. >> six hours. >> holy crap. >> stephanie: we purchased a soda stream. er with adding a second rescue drug. met you, john and aisha in boston. appeared at your test mony. my wife and i are from chick wag ga. coincidence? i think not. >> stephanie: they're supporting a hometown girl. thank
the mood is changing and i think the new members who are coming in are -- were elected in a different environment with a different mandate, if you can call it a mandate. they were elected to get something done. >> stephanie: yep. >> the 84 or 85 or 86 who are leaving, good riddance! >> stephanie: nicely said, sir. all right, representative john yarmuth, thank you sir. >> i love him. [ applause ] >> stephanie: looky here, an unsolicited testimonial. dave in new...
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they know this, it's to weaken the unions, weaken the leverage the unions have to create a safe work environment, and it's all a lot of millions of dollars they're bringing into our states and it's not creating any jobs. it's to rip down the middle class and take the american dream away. >> the governor has signed this into law but there are still demonstrations that are planned in your state. how long do you think you can hold up the public outcry? >> well, i along with a lot of republican friends and family i have are going to continue this conversation for two more years, until we can take a good look at the ballot system and we're going to use that and we're going to take back the republican party. this isn't the republican party i grew up with. since when is it a good thing to attack the middle class, attack labor and to bring michigan divided like he has? since when is that good and free and fair for everybody? it's not. >> andy potter, vice president of the michigan corrections organization and chair of the republican national advisory committee of seiu, thank you. i appreciate it. >>> i
they know this, it's to weaken the unions, weaken the leverage the unions have to create a safe work environment, and it's all a lot of millions of dollars they're bringing into our states and it's not creating any jobs. it's to rip down the middle class and take the american dream away. >> the governor has signed this into law but there are still demonstrations that are planned in your state. how long do you think you can hold up the public outcry? >> well, i along with a lot of...
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Dec 12, 2012
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this is a very unnatural environment. it could last a long time but eventually there will be a price to pay. eventually the bar closes and the party stops. i don't know when that is. at some point next year. this is not a job creator. q e 3 does not create jobs or growth. that is something the fed chairman highlighted. is not happening with this three program. dennis: let's go to constance hunt, an economist who looks at fixed-income. what is going to happen today versus what should happen? >> they're going to announce more bond buying but you have to put this in global context. we have the ecb which is going to lower rates in the beginning of the year and the bank of japan which will do some really serious quantitative easing. up until now they have just been dabbling. when you add this all together the fed is acting in concert with these other central banks but also you have the global economy and a moribund seat, looking at growth next year for the developed world of 1.4%. i don't think the fed had the choice even if i
this is a very unnatural environment. it could last a long time but eventually there will be a price to pay. eventually the bar closes and the party stops. i don't know when that is. at some point next year. this is not a job creator. q e 3 does not create jobs or growth. that is something the fed chairman highlighted. is not happening with this three program. dennis: let's go to constance hunt, an economist who looks at fixed-income. what is going to happen today versus what should happen?...
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Dec 12, 2012
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and i believe and we should again craft these rules to ensure that the framework and the environment would promote such -- promote competition. it's good for innovation. it's good from the investment and so it's got to be -- we've got to look at it in a broad framework and never forgetting our framework to stimulate competition. >> to the commissioner. it's wonderful to see you and hear your testimony. we've heard the suggestion today that auction rules that promote competition could result in lower auction revenues. but isn't it also true that allowing one or two firms to effectively shut out other competing bids could result in less revenue? >> i think that that is possibly true, but i think fundamentally we need to hold these auctions in a way where there are opportunities for everyone that will include incumbents and new entrants and we need to make sure that the revenues we raise are sufficient to support the first responder network authority. >> so two book ends, money and competition. i yield back. >> the chair recognizes the gentleman from nebraska, mr. terry. >> thank you. w
and i believe and we should again craft these rules to ensure that the framework and the environment would promote such -- promote competition. it's good for innovation. it's good from the investment and so it's got to be -- we've got to look at it in a broad framework and never forgetting our framework to stimulate competition. >> to the commissioner. it's wonderful to see you and hear your testimony. we've heard the suggestion today that auction rules that promote competition could...
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i think the key question is going to be is that sustainable in an environment that's very promotional and with a competitor, sam's, that is starting to pivot toward more price reinvestment. >> your skepticism echos what the journal had this morning. great business, smart model, great balance sheet management, but at $98 here, it's hard to move the stock s that your thesis? >> it is. the stock is certainly richly valued. we also think that costco is largely a membership fee model. the company increased the membership fee about a year ago. you're now seeing decelerated growth for membership fees. it was a nice part of the thesis. that's kind of in the rear view mirror. the stock looks expensive. not a lot of margin opportunity in the model. it's a good growth opportunity. a phenomenal business. really fully valued here. >> finally, colin, the special dividend took a lot of people by surprise. do you think that marks a shift in the behavior of balance sheet management at the company? >> the company is extremely underleveraged, i.e. overcapitalized. they have excess cash. i think they lik
i think the key question is going to be is that sustainable in an environment that's very promotional and with a competitor, sam's, that is starting to pivot toward more price reinvestment. >> your skepticism echos what the journal had this morning. great business, smart model, great balance sheet management, but at $98 here, it's hard to move the stock s that your thesis? >> it is. the stock is certainly richly valued. we also think that costco is largely a membership fee model....
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but when that is multiplied in economic environment where consumers are struggling, consumers make up 75% of the growth that means a lot. martha: a lot of taxes are kicking in automatically. there is so much focus on fiscal cliff and bush tax cuts that would expire. you have investment tax. this tax. three different ones. medicare surtax, that will be taken, everybody's taxes are going up no matter what happens, right? >> they're going up through obamacare. throw the fiscal cliff which could potentially raise taxes dramatically. that is big reason we see a lot of consumers aren't spending as much. a lot of companies are not hiring. you're not seeing unemployment fall. we don't know. this $63 again doesn't sound like a lot of money. i'm not going to be surprised next couple years if we see a lot more of these fees really sneaking up on us. i love the administration, say most likely will go away unless congress extends it. how much do we see it could end up being twice as much. martha: you can't see congress going, oh, my gosh, 2017, time to bring back the $63, it's done, not going to h
but when that is multiplied in economic environment where consumers are struggling, consumers make up 75% of the growth that means a lot. martha: a lot of taxes are kicking in automatically. there is so much focus on fiscal cliff and bush tax cuts that would expire. you have investment tax. this tax. three different ones. medicare surtax, that will be taken, everybody's taxes are going up no matter what happens, right? >> they're going up through obamacare. throw the fiscal cliff which...
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Dec 12, 2012
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higher double standard just when it comes to young people from the most disadvantaged and troubled environment. so there is so much to talk about in the innovation area. let me just mention a few things that we are focused on and then we can get to some questions. one, i think in the area we have been talking about unskilled workforce, how much there is a skill gap, skill gap, i think this is a critical issue. i think that for us to clear policies we probably need to do a little better in clearly defining challenge. first of all i don't think there's any question that the main recent that we are having higher unemployment right now is not structurastructura l. it is fundamentally difficult. it is fundamentally a lack of demand that is still in our economy as army passionate as we recover from the great recession. that said, that awareness, that recognition, that's ben bernanke and former ed lazar have all embraced our problems now are more about demand, construction, should not undermine the fundamental importance of dealing with skills or that we may face temporary or future skill gaps. i thi
higher double standard just when it comes to young people from the most disadvantaged and troubled environment. so there is so much to talk about in the innovation area. let me just mention a few things that we are focused on and then we can get to some questions. one, i think in the area we have been talking about unskilled workforce, how much there is a skill gap, skill gap, i think this is a critical issue. i think that for us to clear policies we probably need to do a little better in...
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outstanding diplomacy and capacity to balance the risks and demand of piece and the sort of okay security environment of the cold war period, which perhaps most people to remember, but perhaps some do not. so before turning the program over to marvin though, i would just like to mention, we have a new book that is very pertinent to the subject in our book series, the reagan gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador who was the principal inf treaty negotiator and leader of our inf delegation. and copies of this book are available at the back of the room for those of you who would like to purchase one afterwards. so without further ado, it's my pleasure to wish all happy holidays and to turn the program over to marvin. marvin? >> thank you very much, susan. is always a pleasure to be asked to come here, moderate a panel. my life has been absorbed with the foreign service. though i only work in the foreign service for a year and a half. 1956-seven, in moscow. but since that time, albeit in different ways. as a look at how he now i see
outstanding diplomacy and capacity to balance the risks and demand of piece and the sort of okay security environment of the cold war period, which perhaps most people to remember, but perhaps some do not. so before turning the program over to marvin though, i would just like to mention, we have a new book that is very pertinent to the subject in our book series, the reagan gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador who was...
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i believe in protecting the environment. i live in florida, the most beautiful state in the country in my humble opinion. these things i have always believed in. education, ethics, the environment, protecting the economy, and fighting for people. >> let's focus on taxes for a moment. in the fiscal cliff debate, tax is a big part of that. where do you stand on that if you are anti tax? >> anti tax, but not anti common sense. it's obvious to me what the president is trying to do is the right thing to do. sometimes you have to have revenue in order to fill the hole. that's what president obama is trying to do and he's right on the mark. i support what he's doing. we have to watch spending too. common sense is really what i think americans want and what they believe in. what i believe in. and i think when you apply common sense to any issues, we can have common ground and move forward as a nation, do what's right and have a better future for all of us. >> governor crist, margaret hoover here. what you are saying sounds great, bu
i believe in protecting the environment. i live in florida, the most beautiful state in the country in my humble opinion. these things i have always believed in. education, ethics, the environment, protecting the economy, and fighting for people. >> let's focus on taxes for a moment. in the fiscal cliff debate, tax is a big part of that. where do you stand on that if you are anti tax? >> anti tax, but not anti common sense. it's obvious to me what the president is trying to do is...
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i think american corporations have done a terrific job of coping with a tough regulatory environment, a tough financial. the aftermath of this financial crisis. a lot of negative publicity. and made a lot of money. >> we want to rise above. do we not have a debt ceiling right after that? >> the debt ceiling. the interesting question whether they're going to roll -- >> here's what i think. we haven't talked about this. so i say president obama allows us to go over the cliff temporarily so that all the rates go up. then the democrats introduce a bill to lower it for 9 %, do some other stiff -- 98%, do some other stuff they want to do. then the republicans say fine but we've got to hold the debt ceiling, that's the next bargaining chip. i don't think we can use rides above for the debt ceiling because we don't want to rise above the debt ceiling. we have to come one new buttons -- >> pins, the whole thing. yeah. that is a dilemma. what a polemic -- >> constantino is cutting me off. you're going to hold that against me? all right. >> you can hear the voice in my head. >> yeah. he's mad be
i think american corporations have done a terrific job of coping with a tough regulatory environment, a tough financial. the aftermath of this financial crisis. a lot of negative publicity. and made a lot of money. >> we want to rise above. do we not have a debt ceiling right after that? >> the debt ceiling. the interesting question whether they're going to roll -- >> here's what i think. we haven't talked about this. so i say president obama allows us to go over the cliff...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >> steve: welcome bang to our wednesday program. remember when nancy pelosi said this before obamacare was passed? >> we have to pass the bill so that you can find out what is in it away from the fog of the controversy. >> steve: well, the law has passed and the fog of the controversy has gone with it. you know what? even some democrats don't like what they see now. that's because obamacare, i guess they didn't know this -- contains a tax on medical devices that threatens to crippl
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male...
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Dec 12, 2012
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booker calls chris christie vulnerable on women's issues and the environment. chris christie is riding a wave of popularity because of how he responded to hurricane sandy. but according to a poll, in a matchup with booker, chris christie prevailed 53% to 35%. >> he's eyeing a more probable run for the u.s. senate in 2014. so clearly, we'll see how it plays out. mayor booker is just coming off of his food stamp challenge where he lived off of $31 a week in food. so he made a lot of headlines. >> the two of them have a pretty good working relationship. they've praised one another and were featured in a tongue and cheek video together, collaborating back in may. >> not a dull time in jersey politics. my home state. here's your wednesday forecast, everybody. heavy rain and gusty winds from miami to orlando. showers to the north, spreading into the carolinas. light snow in north dakota, the northern rockies. up to a foot in the sierra range and rainy from l.a. up to pacific coast. >> 44 in seattle. 52 in sacramento. 40s from oklahoma to new york. near 60 in dallas a
booker calls chris christie vulnerable on women's issues and the environment. chris christie is riding a wave of popularity because of how he responded to hurricane sandy. but according to a poll, in a matchup with booker, chris christie prevailed 53% to 35%. >> he's eyeing a more probable run for the u.s. senate in 2014. so clearly, we'll see how it plays out. mayor booker is just coming off of his food stamp challenge where he lived off of $31 a week in food. so he made a lot of...
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concern as a citizen, whether it's deficit reduction or medicare and medicaid and social security or the environment, global climate change, it all comes back to how we receive information. and that this issue you're addressing in this letter is at the heart of your -- >> bill, many of the viewers there are concerned about the growing gap, unequal distribution of wealth and income. they're concerned about health care, concerned about global warming, concerned about women's rights, health, and many, many other issues. if you are concerned about those issues, you must be concerned about media and the increased concentration of ownership in the media. because unless we get ordinary people involved in that discussion. unless we make media relevant to the lives of ordinary people and not use it as a distraction, we are not going to resolve many of these serious crisis, global warming being one. there are scientists who will come on your show and say, "hey, forget everything else. if we don't get a handle on global warming, there's not going to be much less of this planet in a hundred years." do you see t
concern as a citizen, whether it's deficit reduction or medicare and medicaid and social security or the environment, global climate change, it all comes back to how we receive information. and that this issue you're addressing in this letter is at the heart of your -- >> bill, many of the viewers there are concerned about the growing gap, unequal distribution of wealth and income. they're concerned about health care, concerned about global warming, concerned about women's rights, health,...
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Dec 12, 2012
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if the opposition does win, i think you will see a move toward a poor -- a more investment-friendly environment which, in my view, rusty, will see bonds continue their downward trend. and you could see a new equilibrium in terms of bond yields. closer to peers, ukraine, mongolia, even nigeria which are yielding between 4% and 6%. you have to remember that venezuela has been in double-digit yield territory over the past ten years. precisely because of these distortionary policies and the nationalization from the chavez regime. a move toward opening the oil market, possibly joint ventures which is what the opposition has been talking about, in investment in the oil market would be a net positive. and i think would push venezuelan yield down to around the 4.5%, 5.5% arena. >> okay. following developments out of miami from baltic capital markets. >>> as the year draws to a close, twitter has made loggers log in, tweet, and re-tweet in 2010. the most re-tweeted, president obama's four more years after winning re-election last month, accompanied by a picture of him embracing first lady michelle obama
if the opposition does win, i think you will see a move toward a poor -- a more investment-friendly environment which, in my view, rusty, will see bonds continue their downward trend. and you could see a new equilibrium in terms of bond yields. closer to peers, ukraine, mongolia, even nigeria which are yielding between 4% and 6%. you have to remember that venezuela has been in double-digit yield territory over the past ten years. precisely because of these distortionary policies and the...
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her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same situation, have $2 in our rainy day fund. it is really thinking about how we do things smarter, more efficiently, and using the technology and resources we have to make things more efficient and cost-effective for government. we reduced by $5 billion by passing a law that says we could not pass what was not funded. ours was not challenged in court, fortunately. we are looking at more pension reform. we have seven pension systems in the state. they are operated by different pension boards that have different rules, different structures, looking at the potential of having them under one board that
her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same...
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. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time of the conference call we saw an uptick in the business. we can't talk about trends since then. we said that the impact of the storm was probably going to take us to a flattish performance. and i feel optimistic for the long term for our consumers. >> why is classic clothing not selling well but contemporary? is there any accounting for taste? >> well, look. people love what they love. accessories have been performing very well. shoes, handbags, jewelry. people love something that is new. something that is the same that they have in their closet, they're not buying. it is not just about accessories. fashion forward is selling very well. it has to be something that they are perceiving as being new and different. when i look through, i felt that we had the real turn in this quarter. i really feel that you talked about the omni channel and the internet. these are real growt
. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time of the conference call we saw an uptick in the business. we can't talk about trends since then. we said that the impact of the storm was probably going to take us to a flattish performance. and i feel optimistic for the long term for our consumers. >> why is classic...
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. >> i think we have in mind now sort of shaping the post assad environment and looking at libya and some of the resurgents of al find you have have this there he especially what happened in benghazi. >> politically risky move, shepard. sheriffs clinton cancelled trip to syria meeting in morocco earlier today. >> shepard: developments coming fast now. there is word of possible progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle that more than 60 shots were fired and this is new. he was trussed in camo and wearing a mask and to the best of our knowledge, he is still in there somewhere. continuing breaking news coverage after this. ory keeps c. ory keeps c. so i'm not liste
. >> i think we have in mind now sort of shaping the post assad environment and looking at libya and some of the resurgents of al find you have have this there he especially what happened in benghazi. >> politically risky move, shepard. sheriffs clinton cancelled trip to syria meeting in morocco earlier today. >> shepard: developments coming fast now. there is word of possible progress in the fiscal cliff standoff. officials say president obama and the house speaker john...
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Dec 11, 2012
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LINKTV
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and we're so closed off from the food-animal industry in suburbia or in an urban environment. you don't see the ranches. you don't know how much work goes into it. you get your hamburger nicely packaged, and so it's all of us out here that make that meat come to you and be healthy and safe. >> now she hopes more young people will join her and choose a career working with california cattle on a farm. charlotte fadipe for "california country" tv. >> this segment is brought to you by the california farm bureau federation. >> our dad used to say, "when you work hard for something, protect it." >> that's why he got nationwide insurance more than 30 years ago. >> we're still with them today, because no matter what changes in our lives, whether it's starting a business or building a house. >> having kids or buying a car. >> with an " your side" review from nationwide insurance, we get the coverage we need at the right price for us. >> ♪ nationwide is on your side ♪ >> make sure your coverage keeps up with your life. ask your local agent or call 877-306-1252 today. >> it's one thi
and we're so closed off from the food-animal industry in suburbia or in an urban environment. you don't see the ranches. you don't know how much work goes into it. you get your hamburger nicely packaged, and so it's all of us out here that make that meat come to you and be healthy and safe. >> now she hopes more young people will join her and choose a career working with california cattle on a farm. charlotte fadipe for "california country" tv. >> this segment is brought...
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it's a really good trading environment if you use that dollar as your headlights. and there's a causal factor between policy and what the dollar does. and you can kind of really key off of that. >> and policy, though, also, when you look over to europe, is another part of why i think stocks have gone higher. so, germany, it went to january of 2008 highs. we're effectively at five-year highs and you've got a place where people expect european policy also to deliver. but germany, which is the export engine, really, to the world, i think, is telling you something. if you look at their exporters, they have been rallying. if you look at evaluations here, they're not terrible if you look at the export market picking up, especially in china. watch this. it's not all about u.s. fiscal cliff. one of the things we've been seeing rallying in this market are u.s. multinational that are exposed to a better environment. >> quick touch on cummins here. you see the headlines. billion dollar buy back just announced by cmi, so, the sock is trading higher, a little bit in the afterho
it's a really good trading environment if you use that dollar as your headlights. and there's a causal factor between policy and what the dollar does. and you can kind of really key off of that. >> and policy, though, also, when you look over to europe, is another part of why i think stocks have gone higher. so, germany, it went to january of 2008 highs. we're effectively at five-year highs and you've got a place where people expect european policy also to deliver. but germany, which is...
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support the kinds of investment that we need to make to train our future work force and to create an environment which we can -- >> but do you think americans will remain optimistic about the state of the economy, let's say, six months or nine months from now if we have not tackle these things that we just talked about like the cost of education, the housing market, because we are figuring out some philosophical issues about taxes and spending? >> i think the economy has been growing slowly, slowly to land steadily in the absence of any movement which we have seen of the course of the last year. .. it was helpful and market confidence in the stock market plunge and i think we have concerned that there will be points at which we can see that happen again if we fail to -- if we look like we're not -- [inaudible] key challenges. i think, you know, what happens on january 1st everyone is saying it's the cliff and somebody said to me it's not like the zombie apocalypse happen. i think that's right in a sense. if the market confidence goes out the window and -- [inaudible] that can be damaging to our
support the kinds of investment that we need to make to train our future work force and to create an environment which we can -- >> but do you think americans will remain optimistic about the state of the economy, let's say, six months or nine months from now if we have not tackle these things that we just talked about like the cost of education, the housing market, because we are figuring out some philosophical issues about taxes and spending? >> i think the economy has been...
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quote to you that was in this "the washington post" piece from a former cia official describing the environment at the agency. this is what the quote says. "the agency is a funny place. very insular. it's like middle schoolers with clearances." i want to get your take on that how does the cia culture play into this controversy surrounding this woman now? >> no question it's a very insular place by its very nature. they keep secrets. they have secret missions and secret goals. they achieve some. they are less successful with others. it's a very insular organization. i must tell you, when i read the quote, i not only cringed but i was offended. this notion of equating to middle school with clearances, look, these are people who work in the shadows. it's their choice to work in the shadows. but they do some very important work without which we wouldn't enjoy the military successes that we've enjoyed and diplomatic successes. their work is crucial. to equate this to a middle school squabble undermines the importance of the mission and dedication of the people out there. >> and when you look at this
quote to you that was in this "the washington post" piece from a former cia official describing the environment at the agency. this is what the quote says. "the agency is a funny place. very insular. it's like middle schoolers with clearances." i want to get your take on that how does the cia culture play into this controversy surrounding this woman now? >> no question it's a very insular place by its very nature. they keep secrets. they have secret missions and secret...